Token Standard

A token standard is a set of technical rules and protocols that define how a cryptocurrency token is created, issued, and managed on a blockchain. These standards ensure that tokens are compatible with wallets, exchanges, and decentralized applications. Common token standards, such as ERC-20 on Ethereum or TRC-20 on TRON, specify functions like transfers, balance tracking, and approval mechanisms. By following a token standard, developers can simplify integration and maintain consistent behavior across the ecosystem. Token standards provide interoperability, reliability, and predictability for tokens and the applications that use them.